American Multiplexer Corp. Announces Stock Dividend.Business Editors SUNNYVALE, Calif.--(BUSINESS WIRE)--April 5, 2004 American Multiplexer Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AMUT AMUT Advanced Manpack UHF Terminal ) announced today that it would pay a common stock dividend to all stock holders of records as of April 23, 2004. The company will distribute one share of common stock for every two shares of common stock that are owned as of the record date of April 23, 2004. The stock dividend will be paid on May 7th, 2004. Edward Tan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AMC (Advanced Mezzanine Card) See AdvancedTCA. said: "The company has been making great strides in executing on the key objectives in its strategic business plan. In the First Quarter, the company recently achieved its first revenue of $154,000 from the sales of its eFotoXpress software product. Furthermore the company has developed critical sales and distribution alliances while also achieving a significant reduction in monthly expenses. These combined factors will result in significant continued growth in revenue and profitability. The response from the market place for eFotoXpress has been extremely positive and we are experiencing strong demand for the product. We believe at this junction it is important to increase and diversify stockholder's participation in the Company's stock. Declaring this additional stock dividend will increase our liquidity and accordingly increase stockholder's participation." About eFotoXpress eFotoXpress is a software utility that uses wavelet compression A lossy compression method used for color images and video. Instead of compressing small blocks of 8x8 pixels (64 bits) as in JPEG and MPEG, the wavelet algorithms compress the entire image with ratios of up to 300:1 for color and 50:1 for gray scale. technology and the new JPEG JPEG in full Joint Photographic Experts Group Standard computer file format for storing graphic images in a compressed form for general use. JPEG images are compressed using a mathematical algorithm. 2000 standard to easily compress very large images so that they may be sent by e-mail without any loss in quality. eFotoXpress is the first product that uses the new JPEG2000 standard so that compressed images may be sent via e-mail. New eFotoXpress features include talking slide show and text images and choices of print sizes. A large 80m image can easily be compressed to 80K without loss of quality. The eFotoXpress product is an easy-to-use photo utility that compresses images with highest possible efficiency. The digital images can be sent to many different recipients with one click of button. This product is designed to compress any high-resolution JPEG images from different digital cameras, scanners and camcorders. eFotoXpress works with many email utilities, such as Microsoft Outlook For the e-mail and news client bundled with certain versions of Microsoft Windows, see . Microsoft Outlook or Outlook (full name Microsoft Office Outlook , Yahoo, and Hotmail. This utility will allow digital camera users to send more digital pictures over the Internet at a greater speed through the use of highly integrated compression technologies. About AMC Located in Sunnyvale, California, AMC (a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. ) is a major leader in developing JPEG2000 consumer products. The company continues to invest its resources in the compression technology that addresses the digital camera market. Visit us at www.amux.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This announcement contains forward-looking statements. These statements are based on current plans, estimates and projections and contain risks. Do not place reliance on them. Other factors can change these forward-looking statements and may lead to potential risks and total losses. Consult your investment advisors before making any investment in the stocks. The company is not responsible for any inaccuracies. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion